Global Automotive Keyless Entry System Market, By Vehicle Type ; Product Type (Remote Keyless Entry System and Passive Keyless Entry System); Sales Channel ; Region ; Trend Analysis, Competitive Market Share & Forecast, 2018-2028

Description

Global Automotive Keyless Entry System Market to Boost in Coming Years - Projected to Reach worth USD 4.9 billion by 2028

The growth of the global automotive keyless entry system market can be attributed to introduction of smart technologies to improve vehicle safety and comfort, product development that adapts to changing demand patterns, improved comfort with keyless entry system. Moreover, the rising demand for automotive keyless entry system in the post pandemic era would further propel the market growth rate of automotive keyless entry system over the forecast period.

A recent study by the strategic consulting and market research firm; BlueWeave Consulting revealed that the global automotive keyless entry system market was worth USD 1.8 billion in 2021 and is anticipated to reach USD 3.4 billion by 2028 at a CAGR of 9.2%. The global automotive keyless entry system market is in a developing stage. Strengthening regulatory policies focused on vehicle safety, rising vehicle sales in developing countries, and the convenience offered by keyless entry systems are expected to boost the demand for vehicle keyless entry systems during the forecast period. In addition, the growing awareness of technologically advanced vehicle safety systems in developed countries such as the United States, Germany, France, and Japan, as well as emerging countries such as China and India, is an opportunity for market growth. Moreover, growing demand for connected, autonomous, and semi-autonomous vehicles and smartphone integration is expected to create growth opportunities in the global market during the forecast period.

Improved comfort with keyless entry system

The most important advantage of a keyless entry system is the convenience it offers to the user. Drivers can unlock or lock vehicle doors with minimal effort, allowing them to get in and out of their vehicles more quickly. The development of the passive keyless entry system has given users the convenience of locking or unlocking their vehicle doors by simply putting the key fob in their pockets. Drivers also find this system most useful in emergencies and during bad weather outdoors when quick access to the vehicle is essential, making keyless entry an ideal system for drivers. Major OEMs offering keyless entry technology include Audi, Acura, BMW, KIA, Mercedes-Benz, and Volvo. The immobilizer function of the keyless entry system prevents unauthorized access and activation of the ignition system, increasing vehicle security. These are why these systems boost growth opportunities in the global market during the forecast period.

Increasing global passenger car sales to boost demand for keyless vehicle access control by vehicle type

Based on vehicle type, the automotive keyless entry system market is segmented into passenger vehicles and commercial vehicles. The passenger car application segment accounts for the largest market share, and it is also expected to dominate the market. According to the International Organization of Motor Vehicle Manufacturers, India's motor vehicle sales for passenger cars was reported at 3,082,279.000 unit in Dec 2021, which increased from the previous number of 1,579,855.000 Unit in Jun 2021. Due to increased car sales and demand for vehicle security systems, the keyless entry system market has had positive growth.

Impact of COVID-19 on the Automotive Keyless Entry System Market

The outbreak of the novel coronavirus disease (COVID-19) has forced governments around the world to implement strict lockdowns and social distancing to limit the spread of the virus. As a result, several organizations have launched work-from-home programs as a safety measure. This has led to a sharp drop in demand for automobiles around the world. Additionally, the nationwide lockdown disrupted supply chains as several manufacturing facilities around the world had to partially or fully shut down. As a result of the supply chain and production schedule disruptions caused by the COVID-19 pandemic, automobile production and sales have been severely hit, negatively impacting the automotive keyless entry system market. To prevent the spread of the COVID-19 virus, governments around the world are enforcing strict lockdowns and mandating social distancing. As a result, several organizations have launched work-from-home programs as a precautionary measure. As a result, global demand for automobiles fell sharply.

Competitive Landscape

The key players operating in the global automotive keyless entry system market are Alps Electric Co. Ltd, Continental AG, DENSO Corporation, Hella KGaA Hueck & Co., Microchip Technology Inc., Mitsubishi Electric Corporation, NXP Semiconductors, Robert Bosch GmbH, Valeo, ZF Friedrichshafen AG other prominent players. The key marketing strategies adopted by the players are facility expansion, product diversification, alliances, collaborations, partnerships, and acquisition to expand their customer reach and gain a competitive edge in the overall market.

The report's in-depth analysis provides information about growth potential, upcoming trends, and the global automotive keyless entry system market statistics. It also highlights the factors driving forecasts of total market size. The report promises to provide recent technology trends in the global automotive keyless entry system market along with industry insights to help decision-makers make sound strategic decisions. Furthermore, the report also analyses the growth drivers, challenges, and competitive dynamics of the market.

Product Code: BWC22385

1. Research Framework

1.1. Research Objective
1.2. Type Overview
1.3. Market Segmentation

2. Executive Summary

3. Global Automotive Keyless Entry System Market Insights

3.1. Industry Value Chain Analysis
3.2. DROC Analysis
- 3.2.1. Growth Drivers
  - 3.2.1.1. Introduction of smart technologies to improve vehicle safety and comfort
  - 3.2.1.2. Product development that adapts to changing demand patterns
  - 3.2.1.3. Improved comfort with keyless entry system
- 3.2.2. Restraints
  - 3.2.2.1. High installment rate for keyless entry systems
  - 3.2.2.2. High repair and maintenance costs
- 3.2.3. Opportunity
  - 3.2.3.1. Agreements and contracts with automotive OEMs for long-term business opportunities
  - 3.2.3.2. Growth in vehicle sales in developing countries
- 3.2.4. Challenges
  - 3.2.4.1. Increasing risk of Cyberattacks
  - 3.2.4.2. Decrease in automobile production and sales volume
3.3. Technology Advancements/Recent Developments
3.4. Regulatory Framework
3.5. Porter's Five Forces Analysis
- 3.5.1. Bargaining Power of Suppliers
- 3.5.2. Bargaining Power of Buyers
- 3.5.3. Threat of New Entrants
- 3.5.4. Threat of Substitutes
- 3.5.5. Intensity of Rivalry

4. Global Automotive Keyless Entry System Market Overview

4.1. Market Size & Forecast, by Value, 2018-2028
- 4.1.1. By Value (USD Billion)
- 4.1.2. By Volume (Million Units)
4.2. Market Share & Forecast
- 4.2.1. By Vehicle Type
  - 4.2.1.1. Passenger Cars
  - 4.2.1.2. Light Commercial Vehicle
  - 4.2.1.3. Heavy Commercial Vehicle
- 4.2.2. By Product Type
  - 4.2.2.1. Remote Keyless Entry (RKE) System
  - 4.2.2.2. Passive Keyless Entry (PKE) System
- 4.2.3. By Sales Channel
  - 4.2.3.1. OEM
  - 4.2.3.2. Aftermarket
- 4.2.4. By Region
  - 4.2.4.1. North America
  - 4.2.4.2. Europe
  - 4.2.4.3. Asia Pacific (APAC)
  - 4.2.4.4. Latin America
  - 4.2.4.5. Middle East and Africa (MEA)

5. North America Automotive Keyless Entry System Market

5.1.1. Market Size & Forecast, by Value, 2018-2028
5.1.2. By Value (USD Billion)
5.1.3. By Volume (Million Units)

5.2. Market Share & Forecast
- 5.2.1. By Vehicle Type
- 5.2.2. By Product Type
- 5.2.3. By Sales Channel
- 5.2.4. By Country
  - 5.2.4.1. United States
  - 5.2.4.1.1. By Vehicle Type
  - 5.2.4.1.2. By Product Type
  - 5.2.4.1.3. By Sales Channel
  - 5.2.4.2. Canada
  - 5.2.4.2.1. By Vehicle Type
  - 5.2.4.2.2. By Product Type
  - 5.2.4.2.3. By Sales Channel

6. Europe Automotive Keyless Entry System Market

6.1. Market Size & Forecast, by Value, 2018-2028
- 6.1.1. By Value (USD Billion)
- 6.1.2. By Volume (Million Units)
6.2. Market Share & Forecast
- 6.2.1. By Type
- 6.2.2. By Application
- 6.2.3. By Country
  - 6.2.3.1. Germany
  - 6.2.3.1.1. By Vehicle Type
  - 6.2.3.1.2. By Product Type
  - 6.2.3.1.3. By Sales Channel
  - 6.2.3.2. United Kingdom
  - 6.2.3.2.1. By Vehicle Type
  - 6.2.3.2.2. By Product Type
  - 6.2.3.2.3. By Sales Channel
  - 6.2.3.3. Italy
  - 6.2.3.3.1. By Vehicle Type
  - 6.2.3.3.2. By Product Type
  - 6.2.3.3.3. By Sales Channel
  - 6.2.3.4. France
  - 6.2.3.4.1. By Vehicle Type
  - 6.2.3.4.2. By Product Type
  - 6.2.3.4.3. By Sales Channel
  - 6.2.3.5. Spain
  - 6.2.3.5.1. By Vehicle Type
  - 6.2.3.5.2. By Product Type
  - 6.2.3.5.3. By Sales Channel
  - 6.2.3.6. The Netherlands
  - 6.2.3.6.1. By Vehicle Type
  - 6.2.3.6.2. By Product Type
  - 6.2.3.6.3. By Sales Channel
  - 6.2.3.7. Belgium
  - 6.2.3.7.1. By Vehicle Type
  - 6.2.3.7.2. By Product Type
  - 6.2.3.7.3. By Sales Channel
  - 6.2.3.8. NORDIC Countries
  - 6.2.3.8.1. By Vehicle Type
  - 6.2.3.8.2. By Product Type
  - 6.2.3.8.3. By Sales Channel
  - 6.2.3.9. Rest of Europe
  - 6.2.3.9.1. By Vehicle Type
  - 6.2.3.9.2. By Product Type
  - 6.2.3.9.3. By Sales Channel

7. Asia Pacific Automotive Keyless Entry System Market

7.1. Market Size & Forecast, by Value, 2018-2028
- 7.1.1. By Value (USD Billion)
- 7.1.2. By Volume (Million Units)
7.2. Market Share & Forecast
- 7.2.1. By Type
- 7.2.2. By Application
- 7.2.3. By Country
  - 7.2.3.1. China
  - 7.2.3.1.1. By Vehicle Type
  - 7.2.3.1.2. By Product Type
  - 7.2.3.1.3. By Sales Channel
  - 7.2.3.2. India
  - 7.2.3.2.1. By Vehicle Type
  - 7.2.3.2.2. By Product Type
  - 7.2.3.2.3. By Sales Channel
  - 7.2.3.3. Japan
  - 7.2.3.3.1. By Vehicle Type
  - 7.2.3.3.2. By Product Type
  - 7.2.3.3.3. By Sales Channel
  - 7.2.3.4. South Korea
  - 7.2.3.4.1. By Vehicle Type
  - 7.2.3.4.2. By Product Type
  - 7.2.3.4.3. By Sales Channel
  - 7.2.3.5. Australia & New Zealand
  - 7.2.3.5.1. By Vehicle Type
  - 7.2.3.5.2. By Product Type
  - 7.2.3.5.3. By Sales Channel
  - 7.2.3.6. Indonesia
  - 7.2.3.6.1. By Vehicle Type
  - 7.2.3.6.2. By Product Type
  - 7.2.3.6.3. By Sales Channel
  - 7.2.3.7. Malaysia
  - 7.2.3.7.1. By Vehicle Type
  - 7.2.3.7.2. By Product Type
  - 7.2.3.7.3. By Sales Channel
  - 7.2.3.8. Singapore
  - 7.2.3.8.1. By Vehicle Type
  - 7.2.3.8.2. By Product Type
  - 7.2.3.8.3. By Sales Channel
  - 7.2.3.9. Philippines
  - 7.2.3.9.1. By Vehicle Type
  - 7.2.3.9.2. By Product Type
  - 7.2.3.9.3. By Sales Channel
  - 7.2.3.10. Vietnam
  - 7.2.3.10.1. By Vehicle Type
  - 7.2.3.10.2. By Product Type
  - 7.2.3.10.3. By Sales Channel
  - 7.2.3.11. Rest of Asia Pacific
  - 7.2.3.11.1. By Vehicle Type
  - 7.2.3.11.2. By Product Type
  - 7.2.3.11.3. By Sales Channel

8. Latin America Automotive Keyless Entry System Market

8.1. Market Size & Forecast, by Value, 2018-2028
- 8.1.1. By Value (USD Billion)
- 8.1.2. By Volume (Million Units)
8.2. Market Share & Forecast
- 8.2.1. By Type
- 8.2.2. By Application
- 8.2.3. By Country
  - 8.2.3.1. Brazil
  - 8.2.3.1.1. By Vehicle Type
  - 8.2.3.1.2. By Product Type
  - 8.2.3.1.3. By Sales Channel
  - 8.2.3.2. Mexico
  - 8.2.3.2.1. By Vehicle Type
  - 8.2.3.2.2. By Product Type
  - 8.2.3.2.3. By Sales Channel
  - 8.2.3.3. Argentina
  - 8.2.3.3.1. By Vehicle Type
  - 8.2.3.3.2. By Product Type
  - 8.2.3.3.3. By Sales Channel
  - 8.2.3.4. Peru
  - 8.2.3.4.1. By Vehicle Type
  - 8.2.3.4.2. By Product Type
  - 8.2.3.4.3. By Sales Channel
  - 8.2.3.5. Colombia
  - 8.2.3.5.1. By Vehicle Type
  - 8.2.3.5.2. By Product Type
  - 8.2.3.5.3. By Sales Channel
  - 8.2.3.6. Rest of Latin America
  - 8.2.3.6.1. By Vehicle Type
  - 8.2.3.6.2. By Product Type
  - 8.2.3.6.3. By Sales Channel

9. Middle East & Africa Automotive Keyless Entry System Market

9.1. Market Size & Forecast, by Value, 2018-2028
- 9.1.1. By Value (USD Billion)
- 9.1.2. By Volume (Million Units)
9.2. Market Share & Forecast
- 9.2.1. By Type
- 9.2.2. By Application
- 9.2.3. By Country
  - 9.2.3.1. Saudi Arabia
  - 9.2.3.1.1. By Vehicle Type
  - 9.2.3.1.2. By Product Type
  - 9.2.3.1.3. By Sales Channel
  - 9.2.3.2. UAE
  - 9.2.3.2.1. By Vehicle Type
  - 9.2.3.2.2. By Product Type
  - 9.2.3.2.3. By Sales Channel
  - 9.2.3.3. Qatar
  - 9.2.3.3.1. By Vehicle Type
  - 9.2.3.3.2. By Product Type
  - 9.2.3.3.3. By Sales Channel
  - 9.2.3.4. Kuwait
  - 9.2.3.4.1. By Vehicle Type
  - 9.2.3.4.2. By Product Type
  - 9.2.3.4.3. By Sales Channel
  - 9.2.3.5. Iran
  - 9.2.3.5.1. By Vehicle Type
  - 9.2.3.5.2. By Product Type
  - 9.2.3.5.3. By Sales Channel
  - 9.2.3.6. South Africa
  - 9.2.3.6.1. By Vehicle Type
  - 9.2.3.6.2. By Product Type
  - 9.2.3.6.3. By Sales Channel
  - 9.2.3.7. Nigeria
  - 9.2.3.7.1. By Vehicle Type
  - 9.2.3.7.2. By Product Type
  - 9.2.3.7.3. By Sales Channel
  - 9.2.3.8. Kenya
  - 9.2.3.8.1. By Vehicle Type
  - 9.2.3.8.2. By Product Type
  - 9.2.3.8.3. By Sales Channel
  - 9.2.3.9. Egypt
  - 9.2.3.9.1. By Vehicle Type
  - 9.2.3.9.2. By Product Type
  - 9.2.3.9.3. By Sales Channel
  - 9.2.3.10. Morocco
  - 9.2.3.10.1. By Vehicle Type
  - 9.2.3.10.2. By Product Type
  - 9.2.3.10.3. By Sales Channel
  - 9.2.3.11. Algeria
  - 9.2.3.11.1. By Vehicle Type
  - 9.2.3.11.2. By Product Type
  - 9.2.3.11.3. By Sales Channel
  - 9.2.3.12. Rest of Middle East & Africa
  - 9.2.3.12.1. By Vehicle Type
  - 9.2.3.12.2. By Product Type
  - 9.2.3.12.3. By Sales Channel

10. Competitive Landscape

10.1. List of Key Players and Their Offerings
10.2. Global Automotive Keyless Entry System Company Market Share Analysis, 2021
10.3. Competitive Benchmarking, By Operating Parameters
10.4. Key Strategic Developments (Mergers, Acquisitions, Partnerships)

11. Impact of Covid-19 on Global Automotive Keyless Entry System System Market

12. Company Profile (Company Overview, Financial Matrix, Competitive Landscape, Key Personnel, Key Competitors, Contact Address, Strategic Outlook, SWOT)

12.1. Alps Electric Co. Ltd
12.2. Continental AG
12.3. DENSO Corporation
12.4. Hella KGaA Hueck & Co.
12.5. Microchip Technology Inc.
12.6. Mitsubishi Electric Corporation
12.7. NXP Semiconductors
12.8. Robert Bosch GmbH
12.9. Valeo
12.10. ZF Friedrichshafen AG

13. Key Strategic Recommendations

14. Research Methodology

14.1. Qualitative Research
- 14.1.1. Primary & Secondary Research
14.2. Quantitative Research
14.3. Market Breakdown & Data Triangulation
- 14.3.1. Secondary Research
- 14.3.2. Primary Research
14.4. Breakdown of Primary Research Respondents, By Region
14.5. Assumptions & Limitations